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  1. #1
    Join Date
    Apr 2018

    Crude Oil

    On what basis Crude Oil prices are determined?

  2. #2
    Join Date
    Jan 2019
    ​Unlike most products, oil prices are not determined entirely by supply, demand and market sentiment toward the physical product. Rather, supply, demand and sentiment toward oil futures contracts, which are traded heavily by speculators, play a dominant role in price determination.

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  3. #3
    Join Date
    Sep 2018
    Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. A type of fossil fuel, crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals.

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  4. #4
    Join Date
    May 2018
    The cost of crude oil accounts for 65% of the price of gasoline. The cost of a barrel of crude oil is determined by global supply and demand. If the worldwide demand for crude oil is high, and supply low, oil prices will be high. This results in higher gasoline prices in the U.S.

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